Ares Capital Corporation Closes Public Offering of Common Stock

  Ares Capital Corporation Closes Public Offering of Common Stock

Business Wire

NEW YORK -- December 18, 2013

Ares Capital Corporation (Nasdaq:ARCC) announced today that it closed its
public offering of 14,300,000 shares of its common stock on December 13, 2013.
Subsequent to December 13, 2013, the underwriters partially exercised their
option to purchase additional shares granted in connection with the offering,
which resulted in Ares Capital issuing an additional 1,993,522 shares of its
common stock on December 18, 2013. Ares Capital raised approximately $283.2
million in total net proceeds from the sale of the 16,293,522 shares of common
stock after deducting underwriting discounts and commissions and estimated
offering expenses.

Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities acted as joint
book-running managers for this offering. Deutsche Bank Securities and Goldman,
Sachs& Co. acted as joint lead managers and Barclays, Credit Suisse
Securities (USA) LLC, and Keefe, Bruyette& Woods, a Stifel Company, acted as
co-managers for this offering.

Ares Capital expects to use the total net proceeds of this offering to repay
certain outstanding indebtedness under its debt facilities and, to the extent
not applied for such purpose, for general corporate purposes, which may
include investing in portfolio companies in accordance with its investment


Ares Capital is a leading specialty finance company that provides one-stop
financing solutions to U.S. middle market companies and private equity
sponsors. The Company originates and invests in senior secured loans,
mezzanine debt and, to a lesser extent, equity investments through its
national direct origination platform. Ares Capital’s investment objective is
to generate both current income and capital appreciation through debt and
equity investments primarily in private companies. Ares Capital has elected to
be regulated as a business development company, and is externally managed by a
wholly owned subsidiary of Ares Management LLC. Ares Management is a global
alternative asset manager and a SEC-registered investment adviser with
approximately $68 billion of committed capital under management as of
September30, 2013.


Statements included herein may constitute “forward-looking statements,” which
relate to future events or our future performance or financial condition.
These statements are not guarantees of future performance, condition or
results and involve a number of risks and uncertainties. Actual results and
conditions may differ materially from those in the forward-looking statements
as a result of a number of factors, including those described from time to
time in our filings with the Securities and Exchange Commission. Ares Capital
Corporation undertakes no duty to update any forward-looking statements made


Ares Capital Corporation
Carl G. Drake, 888-818-5298
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